Transaction in Own Shares

Taylor Woodrow PLC
07 May 2004


Taylor Woodrow plc

Share buyback programme


Taylor Woodrow plc ('the company') announces that on 7 May, 2004 it purchased
1,000,000 of its 25p ordinary shares at prices between 277 pence per share and
284.2 pence per share. These shares will be held as Treasury shares.


This purchase equates to approximately 0.17 per cent of the company's total 
issued share capital.

The purchase was made by the company pursuant to the authorisation granted at
its Annual General Meeting on 20 April, 2004, under Section 163 Companies Act 
1985.


Aggregate purchases to date pursuant to that authorisation total 5,613,000 
shares, equating to approximately 0.96 per cent of the company's total issued 
share capital.



Richard Morbey
Group Company Secretary





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